63 & 63A Broadway

Leigh-on-Sea, SS9 1PE

1,998 sq ft

Investment opportunity for a ground floor shop and a self contained first floor flat in Leigh Broadway.

Summary

Mixed-use investment opportunity
Self-contained residential flat
Currently producing £40,200 per annum
Offers from £580,000

Accommodation

The accommodation comprises the following areas:

Floor/Unit	Building Type	sq ft	sq m
Ground	Retail	1,386	128.76
1st	Residential Flat	612	56.86
Total		1,998	185.62

63 & 63A Broadway - 618f5f90-2326-41ae-b7e8-8d60b1a93d0a.png

Location

The property occupies a prominent position on Leigh Broadway benefitting from strong pedestrian footfall and excellent visibility It is surrounded by a mix of national and independent retailers, cafés and restaurants. Leigh-On-Sea train station is within easy walking distance, providing regular services to London Fenchurch Street, while the A13 and A127 offer convenient road links across South Essex.

Get directions from Google Maps

Mainline Stations

Chalkwell

12 mins
Leigh-On-Sea

14 mins
Westcliff

29 mins
Southend Victoria

45 mins

Underground Station

Shenfield

296 mins
Ockendon

306 mins
Brentwood

312 mins
Chafford Hundred

316 mins

Further Information

Price Offers from £580,000

Rates Payable Interested parties are advised to confirm the rating liability with the relevant local authority

Description

This property comprises of a ground floor retail unit with a self-contained flat at first floor level with rear entrance. The retail unit is currently let to Subway featuring a front seating area, a rear room and a two storey store. The flat comprises of an entrance hall, shower room, utility room, kitchen, bedroom and lounge with access being provided via a staircase at the rear. The flat also benefits from vehicular access to the rear.

Viewings

Strictly by prior appointment via the landlords appointed agents Ayers & Cruiks.

Terms

The ground floor shop is currently let to Subway Reality Limited on a 15 year lease from the 21st October 2013, with five-yearly rent reviews. Following the last 2023 review, the passing rent is £28,500 per annum. Subway Reality Limited currently have a CreditSafe score of 93A and a credit limit of £1,350,000.
The first floor flat is let on an Assured Shorthold Tenancy now Periodic Tenancy from 28th September 2024 for an original term of 12 months but the tenant is holding over. The current passing rent is £975 per calendar month.